Day trading by a learner

[rajasree1]

6235 spot is expected before a correction

6228 spot is today's high.
Expecting 6145 now if 6235 is not cleared.

My spot target is still 6145 lvl . A sharp recovery may occur from this lvl.

As expected Nifty corrected upto 6150 lvl.
So it is very bullish(everyone knows) .:thumb:
I am expecting 6480 spot for this Month.
Let us see.

 

[rajasree1]

Today I will restrain myself from trading.

 

[rajasree1]

As expected Nifty corrected upto 6150 lvl.
So it is very bullish(everyone knows) .:thumb:
I am expecting 6480 spot for this Month.
Let us see.

SGX Nifty reflects the picture.
It is now at 6503.50.
So expecting my target for the month.
But I shall watch 6436 lvl which will suggest the next move.
Till now ,after 6480 target I shall expect 6175 lvl.
But all depends on how our Market unfolds.
Let us see.

 

[rajasree1]

Next day within 12:15 I shall change my position.
From short to long.
lvls are : 6185,6165,6152

 

[rajasree1]

Today buy Bharti and Ongc

 

[rajasree1]

Today Nifty target - 6200

 

[rajasree1]

6200 not achieved. high was 6190
My next target is 6112 .

 

[rajasree1]

Today I shall expect 6285 spot.
But 6112 is due as per my view.
If Nifty can cross 6300(probability is poor) I have to change my view.
Today I will keep close watch on ITC for a buying opportunity.

 

[rajasree1]

I am expecting this.

1)Diagonal Triangle formation with a high probability to fall from point 5(the red coloured zone). [ if my analysis of wave pattern is correct]
2)100 EMA touch is due.

 

[rajasree1]

1)ITC - a high probability trading opportunity may come.
2)NIFTY - A bounce from 6207 spot is expected but not yet confirmed.